Online poker site to buy Atlantic City casino - Dallas News | myFOXdfw.com

Online poker site to buy Atlantic City casino

Posted: Updated:
Photo courtesy Atlantic Club Casino Photo courtesy Atlantic Club Casino
NEW JERSEY (MYFOXNY.COM) -

The parent company of two internet gambling sites has agreed in principal to purchase a struggling Atlantic City casino.

Rational Group, US Holdings has filed an application to run the casino with the New Jersey gaming enforcement division.

Company COO, Michael Frawley, previously issued a statement saying:  "The acquisition of The Atlantic Club Casino Hotel will secure up to 2,000 jobs and maintain the economic benefits the casino brings to New Jersey."

The company hopes to boost visits and revenue by holding poker tournaments in the casino.

Atlantic Club Casino Hotel has now filed notice to 1,729 employees that they may lose their jobs.  The company says the layoff notice is a formality as part of the pending sale.

The troubled casino has going through a number of changes since it was built in 1980 as a Golden Nugget property.

New Jersey is considering allowing on-line gambling, a move that is facing resistance by federal regulators.

 

The Associated Press contributed to this report.

  • New Jersey NewsNew Jersey NewsMore>>

  • NJ mom charged with trying to kill her 3 teens

    NJ mom charged with trying to kill her 3 children

    Wednesday, April 16 2014 8:25 PM EDT2014-04-17 00:25:35 GMT
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
  • German Shepherd called to jury duty

    German Shepherd called to jury duty

    Wednesday, April 16 2014 6:16 PM EDT2014-04-16 22:16:16 GMT
    At least one prospective juror in New Jersey could take a bite out of crime. Cumberland County has summoned IV Griner to jury duty. The only problem is IV is a 5-year-old German Shepherd.
    At least one prospective juror in New Jersey could take a bite out of crime. Cumberland County has summoned IV Griner to jury duty. The only problem is IV is a 5-year-old German Shepherd.
  • Woman allegedly exposes genitals during heroin arrest

    Woman allegedly exposes genitals during heroin arrest

    Wednesday, April 16 2014 3:47 PM EDT2014-04-16 19:47:46 GMT
    A Barnegat woman tried to spit on police officers and repeatedly exposed her genitals during a heroin arrest.  Police say that Angela Woerner, 28, was in the parking lot of the CVS on West Bay Avenue. An officer saw her and knew that she had outstanding warrants out for her arrest.
    A Barnegat woman tried to spit on police officers and repeatedly exposed her genitals during a heroin arrest.  Police say that Angela Woerner, 28, was in the parking lot of the CVS on West Bay Avenue. An officer saw her and knew that she had outstanding warrants out for her arrest.
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices